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Among them are Otonomo, which provides in-depth data on car usage; Argus, one of the market leaders in protecting cars from cyber hacking; and VocalZoom, dubbed "Siri for cars." Elan Zivotofsky, general partner at the OurCrowd equity platform that invests in a number of companies working on autonomous cars, compared it to smartphones, laptops and other sectors where Israeli technology is heavily used but the final products are still made elsewhere. "Israel is not going to be in the business of building cars," he said. "Israel is in the business of building some of the most important core elements that will enable autonomous driving." - 'Doors will open' - Vardi said the country's military experience, with some of the world's most advanced monitoring, laser-guiding and other technologies, place it in a good position. "When you drive a car, you cannot stop the car and wait 15 minutes for the computer to process. It has to be immediate," Vardi said. "This kind of talent you find in the military -- in airplanes etc." The impact of Mobileye could be significant, said Yaniv Feldman, editor-in-chief of the Israeli Geektime tech blog. There are dozens of companies in the sector and Feldman reckons Israel is already one of the leading players in autonomous driving behind the United States and China. In 2016, around $70 million was invested in automotive tech in Israel, he said, but that will increase by "somewhere between 25 to 40 percent." "We will probably start seeing much more activity in the space and investor interest rising," he told AFP. None of the other companies were as advanced as Mobileye, though, he added. Aquarius Engines, an Israeli firm that claims to have developed a radically improved combustion engine, is currently seeking $10 million in a second round of funding. Chairman Gal Fridman said they had already noticed a change.
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McGowan has said erasing a debt mountain -- forecast to reach A$33.8 billion ($25.5 billion) in June and rise 13 percent next year -- will take decades, and is instead focused on boosting growth thats plunged from 9.1 percent to 1.9 percent in the past five years. More from Bloomberg.com: Trump Points to Drudges Great Again Praise of New Jobs Report Labor is projected to win 40 of the 59 seats in the lower house,according to the Australian Broadcasting Corp. Barnetts Liberal party -- in office for eight years -- is set to take 14 and his junior coalition partner, the Nationals, five, the ABC projected. The people wanted a change because of the long period of time that Colin Barnett had been in government, Federal Finance Minister Mathias Cormann said in an ABC television interview from Perth on Sunday. More from Bloomberg.com: Bharara, Wall Streets Cop, Among Prosecutors Asked to Quit Efforts by McGowan , a former navy officer who has been a lawmaker for more than two decades, to reign in debt and reclaim the states AAA credit rating will be complicated by his pledge to block the planned sale of a 51 percent stake in energy provider Western Power. Labors victory also means that mining giants such as BHP Billiton Ltd. and Rio Tinto Group will be spared an increase on lease rental payments levied on iron ore, something the Nationals had been pushing for. More from Bloomberg.com: American Diplomats Comfort With Tillerson Gives Way to Unease Future uranium projects in Western Australia are in doubt with the election of Labor,which opposes mining of the nuclear fuel in the state. After Barnetts government in January approved plans to develop the Yeelirrie deposit, McGowan said hed wait until after the election to decide if uranium projects green-lighted by the coalition would proceed.